623 Chisolm Ave · Bridgeport, AL 35740

$89,900

2 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 239 Days on market

Built 1935 0.34 ac lot Est $130k · 31% under ↓ 10% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +14.0/30.0
• DSCR +4.2/10.0
• 1% rule +3.9/10.0
• Appreciation +3.3/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks

Great investor Property. Cash or Conventional. Sweet older home on corner lot. 2 Bedrooms, 1 Bath.

Key facts

• 0.34 acre lot
• Built 1935
• Listed 239 days

Property features AI

Finance

• Other: Property type: Residential; Living area listed at 1,264 square feet; Tax legal description: Lots 13 and 14 Block 18 623 Chislom Avenue, Bridgeport, AL 35740
• HOA & community: No homeowners association; Subdivision: Metes And Bounds

Exterior

• Parking: No designated parking
• Utilities: Public water; Central heat and central air
• Home design: Single-family residence; One level; Built in 1935
• Construction: Stucco exterior
• Exterior features: Public water; Lot about 0.34 acres (approximately 100 x 150)

Interior

• Bedrooms: Total of 5 rooms (includes living spaces and bedrooms)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Crawl space basement; One fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $11 ($129/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $80k (11.0% below list).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#351 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: amenities F, commute F, employment F.
• Jackson County (rural): math 20% / reading 41% proficiency, ranked #70 of 129 in AL (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bridgeport Elementary School (math 32% / reading 57%, grade F, #171 of 627 statewide, top 31%, 174 students, 70% FRL); Bridgeport Middle School (math 12% / reading 47%, grade F, #129 of 257 statewide, top 52%, 122 students, 68% FRL); North Jackson High School (math 12% / reading 22%, grade F, #195 of 305 statewide, top 68%, 418 students, 70% FRL).
• Market conditions: 20 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 46 units permitted in Jackson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Jackson County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 239 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 239 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.51%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $130,176
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
903 Busbey Ave	0.30mi	2/1.0	1,140 (-1%)	14mo	$51,000	$45	73
1301 7th St	0.11mi	3/1.0 (+1)	1,150 (-0%)	23mo	$140,000	$122	71
210 Ruby St	0.37mi	2/2.0	1,200 (+4%)	3mo	$135,000	$113	69
720 Jacobs Ave	0.58mi	2/1.0	1,112 (-4%)	5mo	$68,000	$61	63
807 Brummel Ave	0.41mi	3/1.0 (+1)	1,063 (-8%)	4mo	$70,000	$66	59
621 Ehrich Ave	0.14mi	3/2.0 (+1)	1,202 (+4%)	23mo	$145,000	$121	58
708 8th St	0.65mi	3/2.0 (+1)	1,161 (+1%)	6mo	$140,000	$121	54
1109 Chisolm Ave	0.56mi	3/1.5 (+1)	1,107 (-4%)	8mo	$110,000	$99	54
1017 Broadway Ave	0.52mi	3/1.0 (+1)	1,308 (+14%)	11mo	$174,900	$134	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.45×
• Total profit: $-13,873
• Equity at exit: $13,404

10-year hold

• IRR: -6.9%
• Equity multiple: 0.56×
• Total profit: $-11,152
• Equity at exit: $7,773

Cash invested: $25,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35740

• Home prices YoY: -1.9%
• Active inventory: 20
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $800 medium
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$168
• Net cashflow: $11

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 94%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2101 5th St Unit 112 Bridgeport, AL	2.0	1.0	850	$800	$0.94	14d	1	0.29mi

Listing history 18 events

1. 2026-06-18
   days on market $89,900 Active 239 DOM
2. 2026-06-17
   days on market $89,900 Active 238 DOM
3. 2026-06-16
   days on market $89,900 Active 237 DOM
4. 2026-06-15
   days on market $89,900 Active 236 DOM
5. 2026-06-14
   days on market $89,900 Active 234 DOM
6. 2026-06-10
   days on market $89,900 Active 231 DOM
7. 2026-06-09
   days on market $89,900 Active 230 DOM
8. 2026-06-08
   days on market $89,900 Active 229 DOM
9. 2026-06-07
   days on market $89,900 Active 228 DOM
10. 2026-06-03
    days on market $89,900 Active 224 DOM
11. 2026-06-02
    days on market $89,900 Active 223 DOM
12. 2026-06-01
    days on market $89,900 Active 222 DOM
13. 2026-05-31
    days on market $89,900 Active 221 DOM
14. 2026-05-30
    days on market $89,900 Active 220 DOM
15. 2026-04-22
    price $89,900
16. 2025-11-06
    status Active
17. 2025-10-27
    historical Contingent
18. 2025-10-22
    listed $99,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,600
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$768
• − Management: −$768
• − Depreciation: −$2,615
• Taxable loss: −$1,385
• Est. tax savings @ 24.0%: +$332
• After-tax cash flow: $461/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Jackson County
• NCES district ID: 0101830
• Math proficiency: 20% ▼ -29.00%
• Reading proficiency: 41% ▼ -5.00%
• Median HH income: $36,886
• Composite: 25.28/100
• National rank: #7490
• State rank: #70 of 129 in AL

Livability — Bridgeport

• Score: 58/100
• State rank: #351
• US rank: #20755

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment F Housing A- Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, AL
• Population (ZIP): 3,285

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 50,261 people
• By 2030: 48,655 · -3.2%
• By 2040: 45,119 · -10.2%
• By 2050: 41,518 · -17.4%
• By 2075: 33,507 · -33.3%
• By 2100: 26,385 · -47.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 12% Black 4% Hispanic / Latino 4%
• Common ancestry: Italian 3% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+71.4) · D 13.9% · R 85.4%
• 2008→2024 swing: -34.5pp toward R · 2008: -36.9pp · 2024: -71.4pp
• All cycles: 2024: R+71.4 2020: R+67.5 2016: R+62.5 2012: R+41.9 2008: R+36.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.42%
• Current HPI: 172.3013
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

-10.0% since first listed

4 events — show timeline

• 2026-04-22 Price Changed $89,900 VMLS
• 2025-11-06 Relisted — VMLS
• 2025-10-27 Contingent — VMLS
• 2025-10-22 Listed $99,900 VMLS